DBRS Confirms Credit and Repackaged Securities Limited Series 2007-19 Trust (CARS 2007-19) at AAA
Structured CreditDBRS, Inc. (“DBRS”) has today confirmed the Credit and Repackaged Securities Limited Series 2007-19 Trust (“CARS 2007-19”) US$200,000,000 Leveraged Multi-Swap Notes due June 20, 2013, at AAA (sf).
The rating action reflects the February 7, 2012, release of an updated methodology (Rating Methodology for CLOs and CDOs of Large Corporate Credit) to rate and monitor collateralized loan obligations and collateralized debt obligations backed by non-granular portfolios of large corporate credits. The rating has also been removed from Under Review with Developing Implications.
The principal methodology is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on www.dbrs.com.
The sources of information used for this rating include Goldman Sachs & Co. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.
Note:
All figures are in U.S. dollars unless otherwise noted.
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